What is the right thing to do in this situation and why

Assignment Help Business Management

Reference no: EM133758274

Discussion Post: Business

Answer the following prompt(s) in your initial post (you will not be able to see the posts of your classmates until you make your initial post). Discussion board posts are individual-level assignments. Please do not discuss with your group members or anyone else within/outside of your section. Answer the post stricty based on the data/information given in the prompt and the concepts covered in your textbook or the Ethical Reasoning Overview module (available below the discussion board in this module). Participation in online study sites or accessing any other online resource (e.g., ChatGPT) to answer the prompt(s) in this discussion board will be a violation of the Mason Honor Code. Electronic means such as SafeAssign may be used to check originality of work.

1. To answer this prompt, first review the conceputal material covered in the Ethical Reasoning Overview module (available in this module just below this discussion board) and participate in a seven-question multiple choice survey based on these concepts. The module will ask you to confirm your participation at the very end. Occasionally, a student reviews the conceptual material and completes the sever-question multiple choice survey. But they do not confirm their participation. Make sure you do not skip this last confirmation step. [This part (a), reviewing the module material and completing the seven-question survey, is 50% of your Discussion Board 3 score.]

2. Read the ethical scenario below and answer the two sub-questions X and Y in 100-150 words total by drawing on the conceptual material in the Ethical Reasoning Overview module. [This part (b) is 50% of your Discussion Board 3 score.]

Ethical scenario: You lead a Washington-based consulting firm. Today your entire network was taken over by ransomware and your company is paralyzed. The onscreen ransom note demands that you wire $250,000 to an account in a Russian bank within 48 hours; otherwise, all of your data will be erased and your network will be destroyed. The note also warns you not to contact the authorities, as the hackers say they are monitoring your actions closely.

Your executive team holds an emergency meeting to decide how to respond. From a cost-benefit perspective, the answer is obvious: it will be much cheaper to pay the ransom than to lose the data (including some irreplaceable proprietary information) and take months to rebuild everything from scratch. Of course, if you pay the ransom, there is no guarantee that the hackers will release your data or not strike again.

1. What is the right thing to do in this situation and why?
2. Would you say that your response is based on consequences, universal rules, or cultural norms?

Reference no: EM133758274

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